TOKYO -- Nippon Life Insurance plans to acquire Nichii Holdings, owner of Nichigakkan, Japan's largest nursing care provider, for about 210 billion yen ($1.4 billion), Nikkei has learned.
Business deals
Nippon Life to buy nursing care provider parent Nichii for $1.4bn
Japanese insurer aims to close deal as soon as possible, pending FSA approval
Nippon Life Insurance hopes to diversify its sources of revenue and broaden its customer base by acquiring the Nichii Holdings, parent company of Japan's largest nursing care provider.
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